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314 S Clark Dr, Los Angeles, CA 90048
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314 S Clark Dr Los Angeles, CA 90048

$3,405,000 Sold Price as of 11/19/2021
  • 31 Beds
  • 30 Baths
  • 6,406 Sq.Ft.
Sold
$3,405,000 Sold Price as of 11/19/2021 Refinance Your Mortgage
Map preview of 314 S Clark Dr, Los Angeles, CA 90048

Property Overview: 314 S Clark Dr Los Angeles, CA has 31 bedrooms, 30 bathrooms, 6,406 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fabulous value-add opportunity in Beverly Grove just half block outside Beverly Hills in one of the best rental markets in the city. THREE OWNER'S UNITS DELIVERED VACANT!!! Very well-cared-for building with copper plumbing and soft-story EQ retrofit completed. Beautiful 2 and 3-bedroom units averaging 1,281 square feet. Located between Burton Way and 3rd Street, 1 block west of Robertson's trendy restaurant, shopping and entertainment district and a few blocks from the Beverly Hills Four Seasons Hotel. Parking, Laundry room, charming, low maintenance landscaping. This is a great building ; Do not miss this opportunity!

Listed by Eric Sackler | BRE #01057377 | Coldwell Banker Realty
Co-listed by Susan Lau | BRE #01516710 | Coldwell Banker Realty
Last checked: 2 minutes ago | Last updated: August 28th, 2023 | Source CRMLS | DOM: 18

Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21786248
City
Los Angeles
County
Los Angeles
Time on Site
967 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,828
  • Total Rent: $2,828
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $3,550
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $3,550
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $3,550
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,575
  • Total Rent: $2,575
  • Pro Forma/Market Rent: $3,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.17
  • Gross Scheduled Income: --
  • Net Operating Income: $113,121
  • Gross Operating Income: $188,657
  • Garage Rental Income: $1,800
  • Other Income 1: $192,636
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 314 S Clark Dr

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room
Room Information
  • Flooring: Tile, Wood, Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Oven, Gas Cooktop
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 5
  • Parcel Number: 4334011044
  • Architectural Style: Modern
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: 1 block West of Robertson Blvd., between 3rd Street and Burton Way.
View more facts & features

Local Los Angeles Agent

Sale History for 314 S Clark Dr

Last leased for $3,500 on August 26th, 2023

  • August, 2023

  • Aug 26, 2023

    Date

    Leased

    CRMLS: 23260569

    $3,500

    Price

  • Apr 14, 2023

    Date

    Active

    CRMLS: 23260569

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Well renovated 2 bedroom unit wuth new appliances. All pictures are digitally staged.

  • April, 2023

  • Apr 1, 2023

    Date

    Leased

    CRMLS: 23242279

    $3,500

    Price

  • Feb 15, 2023

    Date

    Active

    CRMLS: 23242279

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Well renovated 2 bedroom unit with new appliances. All pictures are digitaly staged.

  • November, 2021

  • Nov 19, 2021

    Date

    Sold

    CRMLS: 21786248

    $3,405,000

    Price

  • Sep 23, 2021

    Date

    Active

    CRMLS: 21786248

    $3,500,000

    Price

  • August, 2021

  • Aug 27, 2021

    Date

    Withdrawn

    CRMLS: PW21166540

    $4,950,000

    Price

  • Aug 3, 2021

    Date

    Active

    CRMLS: PW21166540

    $4,950,000

    Price

  • Jul 29, 2021

    Date

    Coming Soon

    CRMLS: PW21166540

    $4,950,000

    Price

  • Listing provided courtesy of CRMLS

    Only a block away from Cedars Sanai Hospital (Nationally ranked #6 in the U.S News in 2021). 4 blocks away from Beverly Hills Four Seasons Hotel and walking distance to Famous Beverly Hills Shopping District. Hugh upside potential with redevelopment. (Current units are all over size units and possible addition to 3 or 4 stories). Building adjacent to street side Front and back with 5 parking spaces. The current zoning is LA-R4 (Under the city code you can build apartments at a density of 400 SF of lot area per apartment).

  • September, 1998

  • Sep 23, 1998

    Date

    Sold (Public Records)

    Public Records

    $739,000

    Price

Show More

Tax History for 314 S Clark Dr

Assessed Value (2020): $1,059,331
Year Land Value Improved Value Assessed Value
2020 $557,620 $501,711 $1,059,331

Home Value Compared to the Market

This property vs the competition

314 S Clark Dr sold on November 19, 2021 for 194.12% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $546.36 per/sqft which puts the price per square foot 27.63% lower than the current median sale per square foot for the city of Los Angeles.

About 314 S Clark Dr

Detailed summary of property

314 S Clark Dr is a multi family that recently sold in Los Angeles, CA 90048. This multi family property offered 31 bedrooms, 30 bathrooms, roughly 6,406 living square feet, and sits on an approximately 6,000 square foot lot. 314 S Clark Dr was first listed on ArdentRealEstateGroup.com on September 23, 2021. The homeowner sold the property for $3,405,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 194.12% higher than the current median priced home. Local homes that are currently for sale include 1833 Benecia Ave, 3125 S Durango Ave and 3126 S Canfield Ave. While the average home in Los Angeles, CA is selling in 92 days, 314 S Clark Dr has a days on market of 18 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 314 S Clark Dr Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 314 S Clark Dr

Public county record property details
Beds
11
Baths
10
Year built
1966
Sq. Ft.
6,406
Lot Size
6,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
306
APN
4334-011-044

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,495,000
Median List Price/Sq.Ft.
$1,041
Median Sold Price
$2,275,000
Median Sold Price/Sq.Ft.
$989
Total Inventory
133
Median Sale to List Price %
91.18%
Avg Days on Market
72
Loan Type
Conventional (9.52%), FHA (0%), VA (0%), Cash (9.52%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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